Validating the mining results of ENG token
View this post on Hive: Validating the mining results of ENG token
5 years ago in #steem-engine by holger80 (72)
$23.40
- Past Payouts $23.40, 0.00 TRX
- - Author $18.78, 0.00 TRX
- - Curators $4.62, 0.00 TRX
Thanks for everything you do on Steem that I don't understand. :3
uhu... +1
:)
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The reward pool is increased by 1 ENG token every 105 blocks. Every hour the complete pool is distributed to 10 accounts. The "1.1" is the value per winner. This value can vary slightly.
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This is amazing, hence why I started getting some yesterday. Though it was explained differently with @aggroed: "All you have to do is buy the EM token or the EMFOUR token, stake it, and it'll start mining"
I thought it would be trade for the EMFOUR token and get a daily % of the inflation pool. The more tokens the bigger the % and this was fixed.
Now you are adding another element of gamification where the more tokens you have, the more chances of being picked for the hourly reward pool. Is this correct?
This is correct, staking 1 EMFOUR token gives you 4 mining power, staking 1 EM token gives you 1 miningpower. You can check for the last custom_json here: https://steemd.com/@engpool what the current mining power of all accounts is.
Currently it is 3163.84326
So the change to win at least 1.1 ENG with 1 mining power staked is around 3% every hour.
:) I like the gamification element to this. Adds good value to the EM(four) tokens in the long run. Once these run out at this price, time to move on to Steem Engine tokens.
Am I right in assuming that there are currently no more than 4 million Steem engine tokens in circa. That only 100,000 extra are mined yearly. Is this fixed, or to be changed later? If so, what is the impact on EM(FOUR) token holders?
Sorry for all the questions, but after what you guys did with Splinterlands. I have full faith in your team's capacity. You have proved it to me :) I am ready to invest more in this amazing opportunity you are giving us.
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@holger80 do you need whole numbers to stake or can you stake fractional emfour and em?
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